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DerKrebs [107]
3 years ago
6

A manufacturing company hit by a slump in demand is experiencing a labor surplus. The company expects the market to improve in s

ix months and it does not want to layoff any of its employees. Which of the following strategies is an equitable way to handle this issue that results in spreading the burden more fairly?A: Demotions
B: Outsourcing
C: Reduced work hours
D: Overtime
E: Employing temporary workers
Business
1 answer:
Ahat [919]3 years ago
5 0

Answer:

C. Reduced work hours

Explanation:

Demotions is the act of reducing the rank/position of an employee from a higher position to a lower position. This is mostly taken as a corrective measure or a punishment to an employee. This doesn't spread the burden more fairly.

Outsourcing is the process whereby a company gives out some or most of it task to an outside company to do. This mostly occur if the company lack the required expertise for the job or is highly occupied with many tasks. This doesn't spread the burden more fairly.

Reduced work hours is the correct option. It reduces the working time for employee and gives each employee a chance to share the work burden fairly.

Overtime is the period an employee works after the scheduled regular working time. This doesn't share the burden fairly as the rewards for overtime is what makes most employee do overtime.

Employing temporary workers is not the correct option. A company employ temporary workers if it has lots of works undone and it present employee capacity cannot meet to demand.

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An increase in the price of cheese crackers from $2.25 to $2.45 per box causes suppliers of cheese crackers to increase their qu
Juliette [100K]

Answer:

The correct answer is C) "elastic, and the price elasticity of supply is 1.74"

Explanation:

Formula:

( (Qf - Qi) ÷ ((Qf + Qi) ÷ 2) )             ÷             ( (Pf - Pi) ÷ ((Pf + Pi) ÷ 2) )

       Quantity                                                                 Price

Lets remplace:

Qi = Initial Quantity = 125 boxes

Qf = Final Quantity = 145 boxes

Pi = Initial Price = $2.25

Pf=  Final Price = $2.45

Quantity                                                                   Price

(145 - 125) ÷ ((145 + 125) ÷ 2)      ÷     (2.45-2.25) ÷ ((2.45+2.25)÷ 2)

= (20) ÷ (270÷ 2)                                           = (0.2) ÷  (4.7 ÷ 2)

= 20 ÷  135                                                    = 0.2 ÷ 2.35

= 0.148                                                          = 0.085

Finally:  we divide the result of quantity into the result of price

= 0.148 ÷ 0.085

= 1.74

To classify into elastic or inelastic:

When Pes > 1, then supply is price elastic

When Pes < 1, then supply is price inelastic

When Pes = 0, supply is perfectly inelastic

Answer:  <em>Elastic, and the price elasticity of supply is 1.74</em>

4 0
2 years ago
Here and After Corporation plans a new issue of preferred stock. Similar risk stock currently offers an annual return to investo
Musya8 [376]

Answer: d. $133.74

Explanation:

The dividend paid to preferred shareholders is constant and based on the annual rate of return on the stock. If they plan to sell at a price of $743 per share, the dividend will be:

Dividend = Annual rate of return on stock * Price of stock

= 18% * 743

= $133.74

8 0
2 years ago
Most economists A. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize uti
aleksklad [387]

Answer:

The correct answer is letter "C": apply the assumption that people behave as if they act rationally with an aim to maximize utility.

Explanation:

The theory of rational expectations is mainly used in macroeconomics, with the idea that decisions of individuals will affect the future course of the economy. According to this theory, people's behaviors are based on <em>rationality, all the information that they have available, </em>and <em>past experiences. </em>

Some of the rational expectations theory's premises are that <em>people hold expectations that will be met, variables values (price, output, and employment) are taken into account, </em>and <em>individuals are always trying to maximize their profits.</em>

3 0
2 years ago
Identify 4 economic resources from the attached picture.​
faltersainse [42]

Answer:

gold,crops, crisis, poverty

7 0
2 years ago
Read 2 more answers
Two major virtues of the market system are that it:
podryga [215]

The correct answer is allocates resources efficiently and allows economic freedom.

The market system of economics is one where economic decisions and the pricing of goods and services are guided solely by supply and demand and there is limited to no government interaction in the economy. Because of this, two major virtues of the market system are that it allocates resources efficiently and allows economic freedom.

4 0
3 years ago
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